Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698930160128.pdf (New Zealand)
2014/324 Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2014 Jerry Mateparae, Governor-General Order in Council At Wellington this 3rd day of November 2014 Present: His Excellency the Governor-General in Council Pursuant to sections 18(2)(f) and 153 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following recommendations.
Contents 1 2 3 4 Title Commencement Principal regulations Regulation 5 amended (Entities that are customers for purposes of section 18(1) of Act) Page 2 2 2 2 1 r 1 1 2 3 4 Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2014 2014/324 Regulations Title These regulations are the Anti-Money Laundering and Coun- tering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2014.
Commencement These regulations come into force on 1 December 2014.

Principal regulations These regulations amend the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Com- pliance) Regulations 2011 (the principal regulations).
Regulation 5 amended (Entities that are customers for purposes of section 18(1) of Act) Replace regulation 5(1)(a) with: “(a) a person licensed to be a supervisor or statutory super- visor under the Financial Markets Supervisors Act 2011, when the person acts for itself:”.

Michael Webster, Clerk of the Executive Council.

Explanatory note This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 December 2014, amend the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Regulations 2011 as a consequence of provisions of the Financial Markets Conduct Act 2013 and related legislation for reforming the regulation of New Zealand’s financial markets coming into force on that date.
In particular, they amend the provision of the regulations prescribing a person who is a licensed trustee or statutory supervisor under the 2 2014/324 Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2014 Explanatory note Securities Trustees and Statutory Supervisors Act 2011 (the STSS Act) to be a customer, in certain circumstances, for the purposes of the simplified customer due diligence provisions of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
The amendments take account of— • the new title, of Financial Supervisors Act 2011, given to the STSS Act on 1 December 2014 (by the Financial Markets (Re- peals and Amendments) Act 2013; and on that date, the term trustee being removed and new defini- tions of the terms supervisor and statutory supervisor coming into force in the STSS Act (and related legislation).

• Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 4 November 2014.


These regulations are administered by the Ministry of Justice.

12 Wellington, New Zealand: Published under the authority of the New Zealand Government—2014 3